Colombia

Juan Martín Caicedo to step down from CCI presidency after over 20 years

Juan Martín Caicedo, executive president of the Colombian Chamber of Infrastructure (CCI), announced his resignation from the role this Wednesday after over two decades leading the guild. He will officially hand over the presidency in February 2026 during the Statutory Assembly in Bogotá. Caicedo has been the sole executive president since the entity's founding in 2003.

Dollar closes lower in Colombia due to Fed rate cut

The dollar in Colombia closed lower on Wednesday, dropping $15.05, influenced by the U.S. Federal Reserve's rate cut and Jerome Powell's speech. Oil prices also fell, impacted by a potential U.S.-China trade truce. The TRM for today stands at $3,885.29.

Mercado Libre reports US$7,400 million in revenues for Q3 2025

2025년 10월 29일 Carlos Ramírez

Mercado Libre, Latin America's leading e-commerce firm, reported net revenues of US$7,400 million for the third quarter of 2025, a 39% year-over-year increase that beat analyst expectations. Yet, net profit of US$421 million fell short due to instability in Argentina. Growth was driven by initiatives in Brazil and Mexico.

Motorcycle sales in Colombia rise 37% in nine months

Colombia's vehicle fleet totals 20.9 million, with 63% being motorcycles, amounting to 13.2 million units. Motorcycle sales from January to September 2025 reached 817,958 units, a 37.1% increase from the previous year. This growth stems from their affordability and role in the gig economy.

Forum highlights value of economic census after 34 years in Colombia

2025년 10월 30일 Carlos Ramírez

At the LR Forum 'Behind the Economic Census: Innovation and Value for Colombia', Dane experts and analysts highlighted the importance of the 2024 economic census, with preliminary results set for November 11, 2025. After 34 years without updating this data, the study will map productive units across the country, especially benefiting small producers. Its role in informed decision-making and microenterprise formalization was emphasized.

Liquor and wine VAT could increase 14% in tax reform

2025년 10월 29일 Carlos Ramírez

Colombia's National Government is preparing a $16.3 trillion tax reform that includes significant increases in taxes on liquors, wines, and aperitifs. It proposes raising the VAT from 5% to 19% on these products, along with consumption tax hikes of up to 224%. Prolicores warns that this would boost the illegal market from 22% to 50%, impacting jobs and the regional economy.

Reasons the US dollar stays below $4,000 pesos in Colombia

2025년 10월 29일 Carlos Ramírez

The US dollar has completed eight weeks without exceeding $4,000 pesos in Colombia, driven by global and local factors like the Federal Reserve's rate cut and increased dollar inflows. Analysts point to the DXY index's weakness and government operations strengthening the peso. This stability benefits imports and travel to the United States.

Cali book fair turns into inclusive cultural festival

2025년 10월 30일 Carlos Ramírez

The International Pacific Book Fair in Cali, known as Filcali 2025, has become a genuine cultural and educational celebration attracting thousands. Featuring over 150 publishers and activities for children and youth, the event successfully competes with major concerts and stands out for its focus on inclusion. Additionally, Celsia presented its new art book, emphasizing sensory experiences beyond traditional reading.